🎉🎉Good news! The next bull run in the cryptocurrency market may arrive in the second quarter of 2024! By then, Bitcoin (BTC) will have its halving, says Raoul Pal, macro investor and CEO of Real Vision. 🚀
Pal believes that despite the hype surrounding the halving, macro factors will play a leading role in triggering the next uptrend. He pointed out that the Bitcoin halving cycle coincides with the macro cycle, which means that every halving so far has occurred in a similar macroeconomic environment: monetary expansion and low interest rates. 💹
“Macro is actually the dominant factor and the halving is a false statement, but it doesn’t matter because it’s still valid,” Pal said in an interview with Cointelegraph. 💬
Key catalysts supporting cryptocurrencies next year include interest rate cuts from central banks and potential fiscal stimulus ahead of the U.S. presidential election. 🌐
Regarding price targets, Pal wants to avoid making predictions because "you get beat by people" because they don't get them right. However, judging from past performance, Bitcoin could double or triple its latest all-time high, Pal believes. 📈
To learn more about how to prepare for the next crypto bull run, check out the full interview with Pal, and don’t forget to subscribe to Cointelegraph’s YouTube channel! 📺
Pal believes that despite the hype surrounding the halving, macro factors will play a leading role in triggering the next uptrend. He pointed out that the Bitcoin halving cycle coincides with the macro cycle, which means that every halving so far has occurred in a similar macroeconomic environment: monetary expansion and low interest rates. 💹
“Macro is actually the dominant factor and the halving is a false statement, but it doesn’t matter because it’s still valid,” Pal said in an interview with Cointelegraph. 💬
Key catalysts supporting cryptocurrencies next year include interest rate cuts from central banks and potential fiscal stimulus ahead of the U.S. presidential election. 🌐
Regarding price targets, Pal wants to avoid making predictions because "you get beat by people" because they don't get them right. However, judging from past performance, Bitcoin could double or triple its latest all-time high, Pal believes. 📈
To learn more about how to prepare for the next crypto bull run, check out the full interview with Pal, and don’t forget to subscribe to Cointelegraph’s YouTube channel! 📺